Game On: The Bloomberg Open, Americas Edition

Good morning. Microsoft pushes to get its Activision deal done with a fresh offer to UK regulators. AI may turbocharge the cybertheft economy. And a high-ranking penguin in Scotland gets promoted.

What’s Happening Now

Microsoft’s $69 billion Activision deal is back in play after the UK’s antitrust watchdog said it’ll consider a substantially revised proposal. Under the new plan, Microsoft would sell the rights of all current and future Activision games released during the next 15 years to Ubisoft.

S&P downgraded and cut the outlook for several US banks, following Moody’s revisions. KeyCorp, Comerica and others saw grades ...